NaaS,
a subsidiary of NewLink, a portfolio company of the Global Buyout Fund,
has officially listed on NASDAQ.
Recently, NaaS, a subsidiary of China Newlink Holding Limited invested by Global Buyout Fund, was officially listed on NASDAQ with the stock code "NAAS". It has become the first charging service stock in China and the third China Concept Stock listed in the United States this year.
Global Buyout Fund, an investment platform managed by CR Capital Management, participated in the Series E financing of China Newlink Holding Limited at the end of 2021. Through this investment, CR Capital Management has further expanded its footprint in the energy technology sector. In addition, this investment has contributed to the achievement of carbon neutrality.
As one of the largest and fastest-growing new energy service providers in China, NaaS has expanded its presence to 288 cities and 290,000 charging stations in China by the end of 2021. NaaS was operating over 200,000 DC fast charging stations, which accounted for 51% of public DC fast charging stations in China. In 2021, NaaS received 55 million orders and provided 1.233 billion kilowatt-hours of charging. This charging volume accounted for 18% of China's EV public charging volume in 2021 and was 8.2 times more than the charging volume in 2019.
NaaS digitally connects the upstream and downstream of the industry chain. It provides one-stop services for manufacturers and operators of charging stations, OEMs, and others to make energy delivery more efficient. NaaS is a carbon neutral and environmentally, socially, and governance responsible company. SGS, a world-leading testing, inspection, and certification company, has released its Report on the Assessment of Greenhouse Gas Emission Reductions from Travel in NaaS-Powered New Energy Vehicles. According to this report, NaaS reduces carbon emissions by up to 900,000 tons per year. With its advanced technology and management capabilities in the industry, NaaS is committed to driving a transformation of its energy structure from traditional energy sources such as oil and gas to clean energy sources such as electricity and hydrogen.
Headquartered in Qingdao, Shandong Province, China Newlink Holding Limited is one of the top 500 global new energy enterprises and a unicorn company in China and abroad. In addition to NaaS, it also owns Tuanyou Fleetin, Newlinks Technology, Newlink Chain Store, and Newlink Enterprise Services.
